Plasma Breakthrough: OmiseGO (OMG) announces the launch of Ari
- Ari, the public alpha release of the OMG Network, implements More Viable Plasma for ETH transfer and Minimal Viable Plasma for ERC-20 token transfer.
- Plasma utilizes several plasma chains or child chains which will take considerable load off the main blockchain.
In a major breakthrough for plasma and blockchain scalability, OmiseGO(OMG) announced the public Alpha release of the OMG Network. The release is named “Ari” which means “hospitable, gentle, accommodating” in Thai. OmiseGO believes that Ari has reached the desired level of functionality and stability required for public testing.
OmiseGO stated in a blog post:
“This version of the OMG Network implements More Viable Plasma for ETH transfer and Minimal Viable Plasma for ERC-20 token transfer, with a single operator, secured against the Rinkeby Ethereum Testnet. It supports the full plasma lifecycle — deposits, transfers, exits, and in-flight exits. In our testing, we’ve already been able to process over 1.2MM transactions with a peak measured throughput of over 2700 transactions per second so far.”
Plasma is one of the main scalability techniques that both Ethereum and OmiseGO are working on. Plasma utilizes several plasma chains or child chains which will take considerable load off the main blockchain and help in achieving exponential scalability.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
